Charles
04-15-2011, 12:19 PM
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Elliott Wave chart analysis for the USD Index for 14th April, 2011. Please click on the charts below to enlarge. As expected the dollar moved higher but failed to reach our target zone. Wave C pink to end this second zigzag in the double for wave 2 black is unfolding as a simple impulse. Wave 5 green is an incomplete structure on the hourly chart and so we should see further downwards movement yet before this is over. At 74.370 wave 5 green will reach 0.618 the length of wave 3 green. Wave 2 http://feeds.feedburner.com/~ff/technical/analysis-reports?d=yIl2AUoC8zA (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=21EoOJHUjsU:n660jidrgcQ:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/technical/analysis-reports?d=qj6IDK7rITs (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=21EoOJHUjsU:n660jidrgcQ:qj6IDK7rITs) http://feeds.feedburner.com/~ff/technical/analysis-reports?i=21EoOJHUjsU:n660jidrgcQ:F7zBnMyn0Lo (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=21EoOJHUjsU:n660jidrgcQ:F7zBnMyn0Lo)
More... (http://www.fxstreet.com/technical/analysis-reports/usd-index-forex-elliott-wave-analysis/2011-04-15.html)
Elliott Wave chart analysis for the USD Index for 14th April, 2011. Please click on the charts below to enlarge. As expected the dollar moved higher but failed to reach our target zone. Wave C pink to end this second zigzag in the double for wave 2 black is unfolding as a simple impulse. Wave 5 green is an incomplete structure on the hourly chart and so we should see further downwards movement yet before this is over. At 74.370 wave 5 green will reach 0.618 the length of wave 3 green. Wave 2 http://feeds.feedburner.com/~ff/technical/analysis-reports?d=yIl2AUoC8zA (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=21EoOJHUjsU:n660jidrgcQ:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/technical/analysis-reports?d=qj6IDK7rITs (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=21EoOJHUjsU:n660jidrgcQ:qj6IDK7rITs) http://feeds.feedburner.com/~ff/technical/analysis-reports?i=21EoOJHUjsU:n660jidrgcQ:F7zBnMyn0Lo (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=21EoOJHUjsU:n660jidrgcQ:F7zBnMyn0Lo)
More... (http://www.fxstreet.com/technical/analysis-reports/usd-index-forex-elliott-wave-analysis/2011-04-15.html)